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Article: Crude Prices Gain As Positive US Housing Data Rallies Equities.
- Article from:
- Mena Report
- Article date:
- May 19, 2009
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Crude prices rose substantially for the session as optimism fueled equity rallies. Lowe's Cos. earnings beat analyst estimates and following the release by forecasting a better quarter for the company. This helped to raise market optimism in earlier trading. Later, the National Association of Homebuilders sentiment survey built on the optimism further as it showed a second month of gains, rising to 16, the highest since September 2008.Commodities - Energy Crude Prices Gain As Positive US Housing Data Rallies Equities Crude Oil (WTI) $59.290 +$2.950 +5.24% Crude prices rose substantially for the session as optimism fueled equity rallies. Lowe's Cos. earnings beat analyst ...